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, my old pal, art laffer, is going to blast obama and tell you why mitt romney's tax reform is pro-growth and it will not cost anything like $5 trillion. >>> plus, did president obama, hillary clinton and susan rice lie about the 9/11 benghazian attack? the latest sworn congressional testimony sure makes it sound that way. >>> first up tonight, let's do some stock investigation. fourth day of losses across the board. dow dropped 129 points. is the tepid earnings season to blame or are you guys missing a political revolution which will surround the economy? let's talk. we have mike holland, david goldman and michael farr. michael, i don't care about third-quarter earnings. that is so yesterday's news. i can't stand it. that is just so yesterday's news. it's boring. it's nothing. maybe the guidance has something to say. but the economy is not in bad shape. the economy is not in bad recessionary shape and a political revolution is coming and i want to get your take. after you get through taking profits, michael, what happens next? do you buy them back? >> i think you do a little bit,
another tape and we'll switch subjects over to one of my favorites, taxes, listen to what paul ryan said last night, debating taxes. >> there are enough rich people and small businesses to tax and to pay for all their spending and so the next time you hear them say don't worry about it we'll get a few wealthy people to pay their fair share, watch the middle class, the tax bill is coming to you. >> jimmy you had two clear opposites last night. you had ryan defending romney's tax reform plan which lowers marginal rates and puts a strict spending cap on deductions or you had joe biden who proudly was proclaiming who wants to raise taxes by $1 trillion on the rich. how does this play out, jimmy in the next two debates and the remainder of the campaign? >> finally, i'm delighted that someone in this case as paul ryan pointed out that even though the president's been talking about this fantasy, bib lechal middle class tax right that romney and ryan has upon the american people it's the obama plan that has the tax hike in it because there's no way you can pay for all of the spending this admini
being unwilling to take responsibility. 82% of them pay their payroll taxes and other taxes and at an effective rate higher than romney pays his taxes. over 10% of them are senior citizens on social security. the rest are disabled vets and veterans and military personnel fighting now. that's the 47%. the 47%, this nation depends on to build this country. folks, it's about time governor romney takes some responsibility. [ cheers and applause ] take some responsibility to help the american people, the middle class. instead of lining up to sign a pledge to a guy named grover in order kwis. >> ezra, i have to say for me one of my favorite moments in the debate was with him pointing out the effective rate romney pays compared to what other people in the real world pay. i'm not sure how many people jumped on that a as their favorite moment but. >> you and me, lawrence. >> but biden is finding more effective ways of isolating that romney tax return 14% number. >> it wasn't just that. biden i thought actually figured out what obama didn't figure out a week before which is how to dea
week's debate, it's actually a plan to cut $5 billion in taxes, but he did it again tonight on cnn just a short time ago. the obama attacks are false, let's see what you think here. >> he ignores the fact that they're going to limit the deduction and -- he ignores that part. obviously that was corrected by the deputy campaign manager who stipulated the $5 trillion number was wrong. it's completely wrong. the combination of limiting deductions as well as growth of our economy will make up for the reduction in rate. >> bob shrum, thank got in the rest of this discussion with wolf blitzer, he clarified the fact he's going to cut $5 trillion in revenue, a lot of it from wealthy people. >>> he's not going to the bank, he's going to let that tax cut stand. you can call it a lie, he's cutting taxes for the rich. he says he's going to offset that, but when asked by wolf blitzer, are you going after where the money is, the mortgage deduction? rule going after charitable, which everybody seems to like? i'm not going to keep those preferences. how can he do it? is he houdini? >> he can't do it. th
a tax break to send their kids to college. that's why they arrived. >> is he wrong about that? >> he is wrong about that. you can cut tax rates by 20% and still preserve important references for middle-class taxpayers. >> it isn't mathematically possible. >> it isn't. it's been done before. >> it has never been done before. >> it's been done a couple times. >> now you're jack kennedy. >> ronald reagan -- >> okay. good morning. >> i missed that one. >> good morning. welcome to "morning joe." it's friday, october 12th. with us on set, we have the former governor of vermont and former chairman of the democratic national committee, howard dean. and contributor to "newsweek" and the daily beast and former adviser to george w. bush, mark mckinnon. >> wait. no, hold on. what is that, willie? >> it's fair to call it the mexican scarf. >> willie and i both were thinking about wearing that yesterday, but we were afraid we'd come to the set wearing the same thing. >> yes. maybe mark feels the need to distract this morning. >> distracting. let's see what al hunt is wearing this morning. >> washi
economic theory of tax cuts for the very rich, despite the fact that he denied the existence of tax cuts or the existence of math. the notion that let's go to war on wall street -- go to war with "sesame street" but give wall street a big wet kiss. that's exactly what got us into this mess. >> that's not what they saw. i get the interpretation. you have a campaign to win. but what they saw was one guy who seemed to be someone they'd never seen before. he shattered the fiction of the advertising. he was a guy brimming with new ideas and energy. and they saw the president of the united states sleep walking. >> mike, i don't think -- >> let me finish. the tired contrast rang a bell. romney has ideas, and the president has no vision for his second term. and i think that's what hurt him. >> mike, i don't doubt this was someone they had never seen before. i think there were people in the romney campaign who had never seen this candidate. a week ago paul ryan was asked to explain the math of a $4.8 trillion tax cut. and he said i don't have time. mitt romney said we just don't do math. like mat
with, my neighbors, they pay more effective tax than governor romney pays in his federal income tax. >> governor romney is a good man. he cares about 100% of americans in this country. with respect to that quote, i think the vice president very well knows sometimes the words don't come out of your mouth the right way. >> but i always say what i mean. >> and of course the two sparred over entitlements. >> look, these guys haven't been big on medicare from the beginning. their party's not been big on medicare from the beginning and they've always been about social security as little as you can do. look, folks, use your common sense. who do you trust on this? a man who introduced a bill that would raise it $6,400 a year, knowing it and passing it and romney saying he'd sign it or me and the president? >> that statistic was completely misleading but more importantly -- >> those are the facts, right. >> these are two politicians do when they don't have a record to run on, try to scare people for voting for you. >> one of the most contentious moments of the night was about tax cuts and th
borrowing, higher taxes, a government takeover of health care. it's not working. it's failed to create the jobs we need. 23 million americans are struggling for work today. 15% of americans are in poverty. this is not what a real recovery looks like. you deserve better. mitt romney and i want to earn your support. we're offering real reforms for a real recovery for every american. mitt romney, his experience, his ideas, his solutions is uniquely qualified to get this job done. at a time when we have a jobs crisis in america, wouldn't it be nice to have a job creator in the white house? the choice is clear. a stagnant economy that promotes more government dependency, or a dynamic growing economy that promotes opportunity and jobs? mitt romney and i will not duck the tough issues. and we will not blame others for the next four years. we will take responsibility and we will not try to replace our founding principles. we will reapply our founding princip principles. the choice is clear. and the choice rests with you. and we ask you for your vote. thank you. >> and thank you, both, again. t
business going. helping small business. >> encouraging small business growth lowered taxes for small bidses. through small businesses. 97% of small businesses. >> it's small businesses. a guy who has a small business. successful small businesses. >> those small businesses. >> all the praise for small businesses and their owners obscures the questions we should ask. what counts as a small business and what is their role in the u.s. economy? many of these small businesses talked about are anything but small. in order to avoid paying income taxes, they use sole propriet proprietorships and s-corporations. the owners file the profits on individual tax returns making the term small business about the number of owners rather than anything else. as a result, these small business owners include partners of hedge funds. also, donald trump. >> under governor romney's definition there are a bunch of millionaires and billionaires who are small businesses. donald trump is a small business. i know he doesn't like to think he's small anything, but it's how you define small businesses to get business incom
bickering going on when it comes to taxes. up next, you're going to hear what mitt romney has to say about his plan, what it could mean for you. also, lance armstrong is linked to what one group calls the most sophisticated doping program in cycling history. e 70,000 trades. ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. ♪ [ male announcer ] its lightweight construction makes it nimble... ♪ its road gripping performance makes it a cadillac. introducing the all-new cadillac xts. available with advanced all-wheel drive. [ engine revving ] it's bringing the future forward. that make kids happy. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. >>> so what's going to happen to your taxes will most certainly be one of the topics paul ryan and joe biden debate thu
. >> at the debate he said he's not going to cut taxes for the wealthy. in the primary he said he's going to cut taxes for everyone. >> i'm going to lower rates across the board for all americans. isn't that a change? >> let me repeat what i said. >> lying, denying and alibiing. >> is that leadership? >> we can't debate the debate. >> the war continues. >> let's move on. >> we are awaiting a major foreign policy address. >> romney boiled down the president's foreign policy to one of hope. >> hope is not a strategy. >> but on actual foreign policy romney's specifics were rather thin. >> i'll support the libyan's people efforts to support a lasting government. >> how about iran? >> prevent them from acquiring nuclear weapons capability. >> that's the same. >> this is the same guy who couldn't even go to the olympics. >> he will say anything, he will do anything. >> his mention of russia. >> without question of number one geopolitical foe. >> there are two kinds of success, initial and ultimate. >> i still believe you in and i hope you still believe in me. if you vote for me in november i'll finish
is important for education purposes. >> i don't think cutting taxes or preking the wealthy is the way to go. >> i was lucky enough to find a job at the beginning of the summer, but it's really difficult to find a job when you're a college student. >> interesting. those students were in line to get tickets for president obama's speech later this week at the university of miami. in 2008, senator obama beat senator john mccain by 2 to 1 in the margin in the youth vote in this country. it's crucial for the president to get similar numbers this time around if he's going to win the state of florida. of course, to vote they must be registered and voter registration drives have been underway for months. according to statistics from the zx 2.8 million people are registered as independents or with a third party. the numbers are interesting, but it means nothing if there's no emotional component that will motivate them to do it. this is why the debates are so important in today's information culture. there must be a real emotional appeal by president obama if he's to succeed in getting these voters ou
every day. >> if i was paris, the whole conversation was about carbon taxes and what's really going to happen. what do you expect will happen? >> i think in this country the likelihood of a carbon tax anytime soon is not there. >> we'll wait for china and india. >> clearly over the next five years or possibly ten years there will be no appetite here for that, but given what -- i'm telling you, the view is a complete -- >> their energy policy is primarily a climate policy. >> you don't even need -- it's not co2, andrew, we'll know within five years. >> some people say it doesn't work. >> i have six chapters on that subject in "the quest." so i think dealing with carbon, the carbon has gone up. >> 400 parts per million. >> that's right. >> that means there's 9.9 -- 999,999.99999999 carbon dioxide. chill. it's eight-tenths. >> i'm chilling. i'm just telling you. >> that's the problem, we're not chilling, we're heating. >> dan thank you for being here. >> thank you. >> we have to put this on our bookshelf so we need a signed copy. >> let me just say thank you, i'm honored to have this a
because he denied the path he has chosen, denied the big tax cut from 35% down to 28% for people at the top bracket. the all-out elimination of the estate tax, the big-time cut in the corporate rate. he do denied his plan to limit nate medicare, denied he would kill coverage for those with pre-existing conditions. he got away without bolterring to deny his plan to let the automobile industry to go bankrupt and to dump 40 million people to wait in the energy ro emergency room. let's look at the some of the latest polling in the wake of wednesday's debate. this afternoon pew released a poll that showed a dramatic shift toward romney. this poll covers the four days sibts the debate and it has romney pulling even with president obama among registered voters, 46% even. four weeks ago pew had obama up by nine among registered voters, so this has been a huge shift in the pew poll. the move in the pew poll towards romney is greater among likely voters. romney is surging ahead to 49%. four weeks ago obama led among likely voters by eight. now to the latest gallup tracking poll which cover
that on is to reform the tax code, broaden the base, simplify the code, wipe out these tax expenditures and use that money to reduce rates, to encourage growth, and also to bring down the deficit. that's really attacked these entitlement problems. slow the rate of health care. make social security sustainably solvent. we can't afford to spend more in the next 17 largest countries and then to take that money and some of it invest it and let's invest it in those things that america has to invest in to be competitive globally. >> i would say those same things to the candidate of my party. >> lloyd, has wall street, has business, done enough to push politicians towards better solutions? >> the answer to that of course, they have never done enough. wall street has been business in general, wall street in particular, finance in particular has been a bit under the gun and i think some reaction and -- shame on us to some extent -- has been to hunker douhunk er down and keep our heads below the parapit. i think we have the experience and competence to let people know what the consequences -- political s
's got a lot of dough, and hasn't released any tax returns, zero tax returns i think. what did you find out, anything? >> billion in a prior story, not this story, when we looked at earmarks we did find earmarks that was very close to his undeveloped property. >> right, i saw a nice deal here on a land deal in 1998, 700 grand. anyway, just wondered. >> right, exactly. we have a whole host of stories that we've done that look more at this intersection between their duties and their personal assets and that's -- >> that's the best way, not with a couple of, you know, stock tips in congress. i like it ben they do the earmarks, where they buy something and then maybe check the former speaker, too. anyway, right? kimberly, thank you. appreciate it. >> thank you very much for having me. >> all right, see you. >>> oh, it's me. coming up, this morning's top stories set to foreboding music. the rails for the white house, both hitting the campaign trail. former governors face off in the issues and former hp boss carly fiorina, why she calls the board a serial dysfunction, and not like cereal. you
tax dollar may be going to neighbors and banks for home sales? why someone here says it's time to get the government out of the housing market. that's all ahead on the "closing bell." if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> all right. we got more situations developing. yum brands out with earnings. to jane wells. she's got the latest on yum brands. over to you. >> yeah, maria. you had it right going into the break. they did beat the street on the bottom line, coming in at 99 cents, excludeing special items. that's up 19% from a year ago. the top line came in a little light. the street was looking for $3.65 billion. the real story is what's happening in china. they reported an operating loss in china last quarter. this time, as promised, they have returned to double-digit prof
can do that by cutting taxes? >> those are your words, not mine. >> thank you very much, sir. >> that was kind of strange. trying to stuff words in people's mouths? >> it it sounds like you're -- >> ryan folks putting the paper in front of the camera and everything. vice presidential nominee paul ryan getting annoyed in this interview with terry camp in flint, michigan. the campaign even after the interview was over still went out of their way to trash the reporter that paul ryan walked out of that interview on. the campaign given on the record quotes calling the reporter an embarrassment. the city where that reporter works and where that interview took place does have the worst violent crime rate in the nation. so that line of questioning here for mr. ryan was understandable. maybe even predictable. but beyond the newsworthiness of paul ryan getting up and taking off his microphone and ending the interview and beyond the newsworthiness of the campaign going after this reporter, there was what that reporter was able to elicit from paul ryan. there's his prescription for what
that can bring these sides together in a compromise. the second point about fairness and tax, i think it was mr. bowles who said -- no, it was lloyd. he said, i'd pay more taxes, but they'd have to show they'd treat my extra money in a responsible fashion. amen to that. >> what do you think about the idea that if president obama got elected it would be easier to get a deal done because he would no longer worship the god of re-election? >> i think one thing that's missed by everybody is no matter who's elected, the math is the same. i think it's starting to don on romney there's no free lunch tax cuts. for obama, there's no free lunch from raising taxes either. they're both going to face, i think, very similar realities. as i like to say, the math is inexrabble. >> it isn't the same. the math isn't the same. i believe that if you do the right thing, you broaden the tax base, you take away the loopholes, i think that there is a nonstatic aspect. there's economic growth that can make up a difference, which is at the epicenter of that 5 trillion number. >> not just that, they both have ve
in benghazi to taxes here at home. but there is one item they agreed upon, getting the unemployment rate down below specifically 6%. how exactly do they plan to do that? here is what they said last night. >> get america energy independent in north america by the end of the decade. help people who are hurting with the skills they need to get the jobs they want. get this deficit and debt under control to prevent a debt crisis. make more things in america and sell them overseas and champion small businesses. don't raise taxes on small businesses, they're our job creators. >> they get out of the way. if they get out of the way and let us pass the tax cut for the middle class and make it permanent. they get out of the way and let us allow 14 million people who are struggling to stay in their homes because their mortgages are upside down but they never missed a mortgage payment. >> ali velshi is our chief business correspondent. ali velshi, welcome back. unemployment below 6%, to quote you, in your op-ed on cnn money, no more bs, please. care to extrapolate? >> right, so let's put the unemployment
more money. >> any more progress on the tax issue? >> i don't. on the issue of benghazi, though it's unrelated, i told you this earlier. i saw the movie "argo" last night. it's coming out i think later this week. >> i say the previews. >> and it was fantastic. and given what's going on in the middle east and what's going on in the world today, if you have an opportunity to see it, it is worth going for friday night dates. it's hardly a date movie. >> ben affleck directed this movie. >> ben affleck directed this movie. star of "gigli." >> you know, if you gave him a seen, i don't think he could -- >> the guy is brilliant. >> i just hope he runs for office someday. >> has nothing to do with politics. it's the hostage rescue in iran. it's a terrific story. and ben affleck -- look, he had a history with j-lo and all that, but he is, i think, a pretty bright guy. and by the way, did that other great movie. more recently, he directed another great movie. >> "pearl harbor"? >> no, not "pearl harbor." >> what's the one in boston? >> "maid in manhattan." >> no. >> i know which one you're ta
-existing conditions, on tax cuts for the rich, is all a deception designed to trick people into voting against themselves. >> so, terry, it seems like mitt romney will do the bidding of the fundamentalists like tony perkins if he becomes president? >> i think he will, but i think it's his own bidding too. i think it was important of you to show that clip of him bullying during the debate in 2002. that is the way he is with women. the stories that have emerged out of massachusetts, where he tried to bully a woman who was -- whose pregnancy was actually threatening her life. she had -- she and her husband had gotten permission from the mormon church elders to terminate this life-threatening abortion. he went in and tried to intimidate her into not terminating this -- that pregnancy. that is the way he is with women. and he -- so my sense of him is that he will lie without conscious, because it's the same thing, as intimidating and bullying. it's manipulation, it's just doing whatever he wants to do in order to get what he wants. >> sure. let's watch what conservative columnist david brooks had t
that president obama has not raised taxes while he has been in office. seriously? mitt romney is dropping that argument? he doesn't think president obama has raised taxes? no, not really. his campaign later saying, never mind what mitt romney just said. that's not actually what he believes. sure, he said president obama didn't raise taxes, and president obama didn't raise taxes, but really, mitt romney officially thinks that he did. they have done this over and over and over and over again, on big issues like health reform, on small issues like whether he met a guy or not. and it is a ridiculous technique. i mean, think about what this means for the long run. i mean, the romney campaign is training the country to not believe this guy when he is talking. they're training the country to feel that, you know, wherever you hear mitt romney saying something today, don't worry, it doesn't really matter. it is all subject to revision later. long-term, this is a weird technique. it has been a strange political technique from the get-go this year. but mostly, it has worked for them. them correcting
to convince other countries to join them in setting up that transactions tax. they're two short of the nine needed to push ahead with the plan. malta is also tough. somebody was just meeting in luxemburg, which is a small place. i don't know if it's bigger or smaller than liechtenstein. >> have you been to luxemburg? >> no. you? >> no. >> several considering a transactions tax separately because an eu agreement appears impossible at this time. wow. i should say becky and then are you supposed to say thanks, joe. >> i was going to skip that part. >> at your own peril. >> thanks, joe. >> french man and american for developing and inventing methods for observing tiny particles without destroying them. which is nice. you don't want to while you're studying something destroy it. ground breaking experimental enable measuring and manipulation of individual quanti quantum subpoenas. not maybe the latest stuff with the god particle, very close to the unified theory, but very exciting. you need a big, big -- >> interaction between light and matter. >> how do they not break it? >> hard to believe that
70% of the price of a gallon of gas. there are other things, marketing, taxes, things like that. we don't know the cause but we know one thing, the oil companies fully integrated make more money when the price of gasoline is higher. so, it's certainly more than coincidental that the price of gasoline stays higher longer than the price of oil. there's no evidence to show that there's something -- that there's a legitimate effort by oil companies to keep gasoline prices higher. it is certainly suspicious and certainly profitable for the oil companies. >> sterling, what's going to get gas prices down? that's all people care about. they keep hearing oil prices are going down, yet they drive to the pump and pay $4.50 or $5 a gallon? >> well, you can work three end of it. you can work it, supply. you can work on demand. and we're doing both of those. and you can work it volatility, which is a huge, huge factor. as i said, gas -- most of the retailers in my area are independent retailers. they don't lock in long-term or can't lock in long-term oil/gasoline contracts. >> but how much -- >>
to taxes and he wants to beat up on big bird. what governor romney says, you saw him pivot again today, he says well, that's just one example but you have to give examples and you have to start making choices. we have to review everything and we can't keep from china. it helps both of them. conservatives love to hear their candidate beating up on pbs, on government subsidies, saying i'm going to look at everything and cut, and if you're obama and trying to reach those moderate suburban women and keep them with you, their children probably watch big bird. >> gloria, john king, thank you very much. let us know what you think. we're on facebook. follow me on twitter. i'm tweeting in this hour. >>> up next, an exclusive interview with mitt romney. wolf blitzer sat down with him, asked him what president obama did not about the now famous hidden video in which mr. romney writes off the 47%. >> i'm curious, governor, how did that evolution in your thinking go on from the initial reaction, once that tape came out, to what you said the other day that you were completely wrong? [ woman ] ring. ring
repeatedly insisted he was not advocating a big tax kuchlt in fact, he declared unequivocally that he would not cut taxes at all if they added to the deficit at all. now, as "the washington post" reporter checks out, for two years rom hi has been campaigning on a tax cut that would cost around $5 trillion over ten years. he said he would eliminate deductions and spending to pay for it. he never offers details. he did say he would cut funding for public broadcasting which was 0.01% in 2012. medicaid was 0.13%. romney also spoke in favor of regulations including much of the dodd/frank bill and he repeatedly held up as a model his health care plan in massachusetts which has added center the individual mandate and on which obama care is based. romney's transformation did not happen overnight. the candidate has been reworking his stuck stuck speech. he has a five-point stump speech. the first four points are absolutely identical to obama's stump speech. 2, dough mess tech energy, 3, retraining programs, four, domestic. on five they differ. i've long argued that romney is an intelligent man trapp
in his presidency. and he has said it yet today that we will not be funding abortion with tax pay or money. he is a pro life president and people at the point of conception deserve the freedoms as preserved by our constitut n constitution. this is a rabbit trail. you want to talk about trust. he said he was going to cut the deficit in half. that is trust. if a politician changes his position on issues do you see it as a cynical exercise? >> no. listen, i hear what you are saying. i think it is possible to learn things about legislation and determine things as you go through lift and you can change your mind. yes, i think that is possible. but what i don't think is possible is for a president to made grandious promises knowing the condition of where we were headed saying that he would fix this economy not even coming close to his promises, that is different. i would say this is a record of makes and breaking promises. and that is why you can't stand in front of a debate moderator for 90 minutes and make the case for the people. he didn't have a bat night, he is not capable of brin
Search Results 0 to 49 of about 83 (some duplicates have been removed)

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